Dollarama Inc. (OTCMKTS:DLMAF) Receives Consensus Recommendation of “Buy” from Analysts

Dollarama Inc. (OTCMKTS:DLMAF) has been given a consensus rating of “Buy” by the fourteen ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and five have issued a strong buy recommendation on the company.

A number of analysts recently commented on DLMAF shares. Stifel Nicolaus raised shares of Dollarama from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. BMO Capital Markets reissued an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, Ventum Financial upgraded Dollarama to a “strong-buy” rating in a report on Thursday.

Dollarama Price Performance

Dollarama stock opened at $135.18 on Friday. Dollarama has a one year low of $112.41 and a one year high of $160.86. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.70 and a current ratio of 1.57. The business has a fifty day moving average of $134.40 and a two-hundred day moving average of $133.08. The company has a market cap of $36.43 billion and a P/E ratio of 51.20.

Dollarama (OTCMKTS:DLMAF) last posted its quarterly earnings results on Thursday, June 11th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. As a group, analysts predict that Dollarama will post 3.65 earnings per share for the current fiscal year.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.